Gamco Investors INC. ET AL Has $32.49 Million Stake in Altaba Inc (AABA)
Gamco Investors INC. ET AL decreased its stake in Altaba Inc (NASDAQ:AABA) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,836 shares of the company’s stock after selling 27,973 shares during the period. Gamco Investors INC. ET AL owned approximately 0.06% of Altaba worth $32,493,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Glassman Wealth Services purchased a new position in Altaba in the first quarter valued at about $127,000. Kiley Juergens Wealth Management LLC purchased a new position in Altaba in the second quarter valued at about $143,000. IMA Wealth Inc. purchased a new position in Altaba in the second quarter valued at about $157,000. Comerica Bank purchased a new position in Altaba in the second quarter valued at about $204,000. Finally, Brighton Jones LLC purchased a new position in Altaba in the first quarter valued at about $208,000. 84.23% of the stock is owned by institutional investors.
A number of brokerages recently commented on AABA. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $88.00 price target (down previously from $91.00) on shares of Altaba in a report on Friday, August 24th. MKM Partners reduced their price target on Altaba to $115.00 and set a “buy” rating for the company in a report on Thursday, August 16th. ValuEngine downgraded Altaba from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. BidaskClub downgraded Altaba from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Finally, Gabelli downgraded Altaba from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $94.75.
Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.
Read More: Hedge Funds – How They Work For Investors
Receive News & Ratings for Altaba Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altaba and related companies with MarketBeat.com's FREE daily email newsletter.